This six-unit building, located at 7851 W Talbert Street in the beautiful beachside community of Playa del Rey, represents a prime investment opportunity and a true trophy property. The property consists of a large unit mix, including one 2-bedroom/2-bathroom unit, two 2-bedroom/1.5-bathroom unit, and three 1-bedroom/1-bathroom units. The building offers a total of 4,937 square feet of living space situated on a 4,849 square foot lot. Built in 1960, this well-maintained property is listed at $2,425,000 equating to $404,167 per unit and $491 per rentable square foot. The property currently generates $15,291 per month and $183,493 per year in rental income, with a potential increase to $18,940 per month and $227,280 per year at market rent levels, reflecting a significant 24% rental upside potential. All tenants are currently on MTM leases with the exception of unit #3 and unit #4 which are currently vacant. The property’s exterior and walkways were recently pressure washed. The owner hired a professional painting company to paint the entire exterior, including trim, handrails, and all 6 garages. The roof was completely recoated with two coats of silicone that is warrantied up to 10 years. All these improvements have successfully revamped this gem into a beautiful, modern looking and easy to maintain property for the new owners. Give us a call to discuss ADU potential. There is garage space for at least one if not two ADUs.
Property Details
Price:
$2,425,000
MLS #:
25522551
Status:
Active
Baths:
0
Address:
7851 Talbert Street
Type:
Residential Income
Neighborhood:
c31playadelrey
City:
Playa del Rey
Listed Date:
Apr 8, 2025
State:
CA
ZIP:
90293
Lot Size:
4,864 sqft / 0.11 acres (approx)
Year Built:
1960
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Garage Spaces
6.00
Parking Features
Driveway, Garage – Single Door
Parking Spots
14.00
Stories Total
2
Financial
Map
Community
- Address7851 Talbert Street Playa del Rey CA
- AreaC31 – Playa Del Rey
- CityPlaya del Rey
- CountyLos Angeles
- Zip Code90293
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7851 Talbert Street
Playa del Rey, CA
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